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Original poster

Loan advice

4 replies

Aftereights91 · 29/12/2018 08:10

Wondering if anyone can help. Basically were wanting a loan to pay of our debts and just have the one loan if that makes sense. However both me and DH have bad credit. Does anyone know of any loan companies likely to accept us that don't charge ridiculous interest rates?

OP posts:
Original poster
Aftereights91 · 29/12/2018 10:21

.

OP posts:
MrsMoastyToasty · 29/12/2018 10:24

They all do, don't do it. Look at making repayment offers, debt relief orders, IVAs, and bankruptcy.

BarbaraofSevillle · 29/12/2018 10:32

In your situation, a loan is probably the last thing you need. It will either act as a sticking plaster to prolong the debt agony, or may even lead to you being in debt for more/longer. You need the right help to sort your budget and pay off your debt, not move it around.

Look at Moneysavingexpert for advice.

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General money
LIZS · 29/12/2018 10:35

Speak to stepchange about negotiating with your creditors and making realistic repayments. Taking out one debt to pay off others is simply avoiding the inevitable and will cost more long term.

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